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Stocks to watch

VAH, WES, WOR,

SYDNEY, June 20 AAP

June 20 2012, 12:08AM

Stocks to watch on the Australian stock exchange at noon on Wednesday:

AMC - AMCOR LTD - down 16 cents, or 2.12 per cent, at $7.37

New Zealand's Commerce Commission says the High Court erred when it dismissed much of its case against Australia's Visy Board and a former executive last year for alleged cartel behaviour in the country's packaging market.

AUT - AURORA OIL & GAS - up four cents, or 1.28 per cent, at $3.17

EKA - EUREKA ENERGY LTD - last traded at 45 cents

Suitor Aurora Oil & Gas has appointed three representatives to takeover target Eureka Energy's board after increasing its stake to 68.4 per cent.

FXJ - FAIRFAX MEDIA LTD - up 0.5 cents, or 0.84 per cent, at 60 cents

Australian Greens Leader Christine Milne has suggested the corporate regulator administer charters of editorial independence.

LYC - LYNAS CORPORATION LTD - up 3.5 cents, or 3.45 per cent, at $1.05

A controversial new processing plant in Malaysia run by rare earths miner Lynas has received the support of a Malaysian parliamentary committee.

NWS - NEWS CORPORATION - steady at $20.04

NSWLV - NEWS CORPORATION NON-VOTING - up four cents, or 0.20 per cent, at $19.81

CMJ - CONSOLIDATED MEDIA HOLDINGS LTD - up 30 cents, or 9.74 per cent, at $3.38

TLS - TELSTRA CORPORATION LTD - down one cent, or 0.27 per cent, at $3.63

News Ltd has made a $1.97 billion takeover bid for James Packer's Consolidated Media Holdings.

SEPARATELY: News Ltd chief executive Kim Williams will outline job cuts as part of a major restructure of Australia's largest newspaper publisher later on Wednesday.

SEPARATELY: News Ltd is expected to announce its own round of job cuts on Wednesday as the country's major media companies move to streamline their print and digital operations.